TORONTO, Nov. 19, 2012 /PRNewswire/ -- Against the backdrop of tighter regulations, greater public scrutiny of company tax affairs, and the pressure to modernize the operations of the tax department; it is crucial that tax departments take control of their tax data through the implementation of a robust tax solution. Three of the top accounting firms, Deloitte, Ernst & Young (E&Y), and PwC, all share this opinion in a newly released video and talk about the costly financial consequences of not making the investment.

Hear what the experts from Deloitte, E&Y, PwC, and Longview have to say in the video as they discuss the challenges faced by tax departments, the risk that is inherent with a manual spreadsheet tax provisioning/reporting process, and how companies need to turn to technology to automate the tax process and mitigate risk under the tighter regulations coming down the pipe.

One of the anticipated changes includes the impact to Capital Calculations as the tax elements of the data are going to be crucial to Capital Planning and Forecasting as well as reporting. Businesses will need an advanced solution, like Longview Tax, to handle the volume of data and be able to report more frequently and with multiple versions of information so that they can respond to the business and ultimately to the market and regulator in terms of Capital Calculations.

As Gold Certified Tax Service Providers of Longview Tax, Deloitte, E&Y, and PwC will continue to partner with Longview to educate the market on changes that will impact organizations and share solutions available to address them.

About Longview Tax

Longview Tax is a Tax Data Platform (TDP) that unifies the technology and processes necessary to collect, report and own all tax department data. Based on Longview Solutions' proven expertise working with a wide range of companies and industries, including some of the world's most complex multinational corporations, Longview Tax seamlessly integrates with any source system or tax point solution providing a data platform from which all global tax data needs and reporting processes can be performed, including: direct or indirect tax data collection, transfer pricing, tax planning and provisioning/reporting.

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